Board of Governors of the Federal Reserve System

Financial Accounts of the United States - Z.1

F.117 Private and Public Pension Funds (1)

2016:Q4 Release Date: March 9, 2017

Billions of dollars; quarterly figures are seasonally adjusted annual rates


Description		 Series code 2014
2015
2016
2015
Q3		 2015
Q4		 2016
Q1		 2016
Q2		 2016
Q3		 2016
Q4
Line
Pension funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) FA596330005 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 1
Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products FA595013005 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2
Pension funds; total financial assets(2) FA594090005 273.9 381.8 380.3 272.1 440.8 562.9 356.9 299.7 301.7 3
Pension funds; checkable deposits and currency; asset FA593020005 3.6 1.0 2.5 2.2 2.2 1.7 3.6 2.3 2.3 4
Pension funds; total time and savings deposits; asset FA593030005 5.1 1.6 2.7 -0.9 0.0 -5.1 8.1 5.9 2.1 5
Pension funds; money market mutual fund shares; asset FA593034005 3.8 -4.3 4.9 3.6 1.8 -3.4 9.4 7.3 6.4 6
Pension funds; security repurchase agreements; asset FA592051005 0.5 -0.2 0.1 -0.5 -0.3 -0.6 0.6 0.4 0.1 7
Pension funds; debt securities; asset FA594022005 128.4 131.9 190.1 -328.8 1567.2 192.4 178.3 200.1 189.7 8
Pension funds; commercial paper; asset FA593069105 5.4 3.3 3.9 0.5 1.4 -4.6 10.0 7.1 3.4 9
Pension funds; Treasury securities; asset(3) FA593061105 75.8 106.3 120.5 -364.4 1507.2 113.5 99.6 119.1 149.9 10
Pension funds; agency- and GSE-backed securities; asset FA593061705 -7.1 -15.2 4.4 -9.4 -0.1 0.6 11.5 9.7 -4.4 11
State and local government employee defined benefit retirement funds; municipal securities; asset FA223062043 -0.2 -0.2 0.1 -0.7 -0.1 1.6 0.2 -1.2 -0.1 12
Pension funds; corporate and foreign bonds; asset FA593063005 54.4 37.7 61.2 45.2 58.9 81.3 57.1 65.4 41.0 13
Pension funds; total mortgages; asset FA593065005 2.2 -3.2 -3.2 -3.6 -2.6 -4.7 -0.1 -6.6 -1.3 14
Pension funds; corporate equities; asset FA593064105 -312.6 -179.1 -130.4 -148.1 -177.1 -65.3 -171.0 -201.5 -83.6 15
Pension funds; mutual fund shares; asset FA593064205 51.8 49.8 15.2 -70.4 43.6 160.3 0.5 -64.5 -35.4 16
Pension funds; total miscellaneous assets FA593090005 391.0 384.3 298.2 818.5 -994.1 287.8 327.5 356.3 221.4 17
Pension funds; unallocated insurance contracts; asset(4) FA593095005 -14.5 -1.9 23.3 -37.6 15.9 60.1 13.1 19.1 1.0 18
Private pension funds; pension fund contributions receivable; asset FA573074005 -2.9 -4.3 -1.4 -4.4 -3.5 -1.1 -2.0 -2.3 -0.4 19
Pension funds; claims of pension fund on sponsor; asset(5) FA593073005 368.6 341.6 250.9 842.2 -1035.8 233.5 275.7 304.5 190.0 20
Pension funds; unidentified miscellaneous assets FA593093005 39.8 48.9 25.4 18.3 29.3 -4.7 40.7 34.9 30.7 21
Pension funds; total liabilities(6) FA594190005 273.8 381.8 380.2 272.0 440.8 562.9 356.8 299.6 301.7 22
Households and nonprofit organizations; retirement assets(7) FA153050015 518.9 635.6 ND 584.3 675.5 792.1 372.8 346.8 ND 23
Defined benefit pension funds; total financial assets FA594090045 274.4 269.4 267.7 271.1 267.6 268.0 267.8 267.3 267.8 24
Defined contribution pension funds; total financial assets FA594090055 -0.5 112.4 112.6 1.0 173.3 295.0 89.2 32.4 34.0 25
All sectors; IRAs; liability(8) FA893131573 234.3 198.4 ND 172.9 185.1 231.0 70.7 57.4 ND 26
Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability(9) FA543150015 10.7 55.5 ND 139.4 49.6 -1.9 -54.8 -10.2 ND 27

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NOTES

  1. Private pension funds, state and local government employee retirement funds, and federal government employee retirement funds defined benefit plans and defined contribution plans.
  2. Includes claims on sponsor (i.e., unfunded pension entitlements).
  3. Includes both marketable and nonmarketable government securities.
  4. Assets of pension plans held at life insurance companies; series begins 1985:Q4.
  5. Unfunded defined benefit pension entitlements.
  6. Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
  7. Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
  8. IRA assets are not included above. See memo item on table F.227 for a sectoral distribution of IRA accounts.
  9. Annuities held in IRAs are excluded. They are included in line 26.
Last update: March 9, 2017